Payments technology company Shift4 (NYSE: FOUR) is acquiring Givex, a global provider of gift cards, loyalty programs and point-of-sale services.
With over 130,000 locations across more than 100 countries, Givex serves a wide range of businesses in various industries, including notable names such as Nike (NYSE: NKE), Marriott (Nasdaq: MAR), 7/11, Wendy’s (Nasdaq: WEN), Best Western and Texas Roadhouse (Nasdaq: TXRH).
“This acquisition aligns perfectly with how we like to deploy capital – adding blue-chip merchants at a low customer acquisition cost while delivering additional benefits to our customer base,” says Shift4 President Taylor Lauber.
Goldman Sachs (NYSE: GS) and Bennet Jones LLP are advising Shift4.
Canaccord Genuity and Wildeboer Dellelce LLP are advising Givex.